Prey 2 Hasn't Been Cancelled

Development of Prey 2 has not been cancelled, but its release has been delayed beyond 2012, said Bethesda in a statement today.

"The delay is due to the fact that game development has not progressed satisfactorily this past year, and the game does not currently meet our quality standards" reads the statement.

"Prey 2 has shown great promise and we regret disappointing our fans. We have made a substantial investment in game development to deliver the experience fans want. We are determined only to release the AAA game that fans rightfully expect, and are unwilling to compromise our quality standards to meet a release schedule."

Prey 2 enjoyed a very positive reception when it was shown at E3 and GamesCom last year, but whisperings of trouble development trouble recently led to rumours that it may have been cancelled. This official statement refutes those claims.

This means we might not see more of Prey 2 for some time yet, though it's still quite possible that the game will make an appearance at E3 2012 in June. You can read IGN's latest preview right here.